Encoders Market

HEIDENHAIN GmbH (Germany) and POSITAL-FRABA Inc. (Germany) are Leading Players in the Encoders Market

The overall encoders market is expected to grow from USD 1.6 billion in 2019 to USD 2.4 billion by 2024 at a CAGR of 8.6% during the forecast period. The need for high-end automation and industry 4.0 are among the factors fueling the growth of the encoders market.

HEIDENHAIN GmbH (Germany), POSITAL FRABA Inc. (Germany), Sensata Technologies (US), Dynapar Corporation (US), and Baumer Group (Switzerland) are among the major players in the encoders market. Product launches was the most adopted strategies by market players to gain a competitive edge.

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HEIDENHAIN GmbH (Germany) was founded in 1948 and is headquartered in Traunreut, Germany. It develops and manufactures linear and angle encoders, rotary encoders, digital readouts, and numerical controls for demanding positioning tasks. Its products are used primarily in high-precision machine tools as well as in plants for the production and processing of electronic components. The company is continuously progressing by making numerous product launches and product developments in the field of encoders. HEIDENHAIN GmbH has shown tremendous growth over time by acquiring various motion control products companies across the globe. For instance, HEIDENHAIN, North America represents multiple company brands such as ACU-RITE, LTN, AMO, RENCO, ETEL, LEINE & LINDE, and E&E Electronik.

POSITAL-FRABA Inc. (Germany) is the North American member of the Netherlands-based FRABA Group that provides advanced products for position sensing and motion control in a wide range of industries and applications. The company was founded in 1918 and is headquartered at Cologne, Germany. It designs and sells sensors for motion control and safety assurance systems. Its product portfolio includes rotary encoders, inclinometers, linear position sensors, and a large variety of accessories. POSITAL's core product is the IXARC family of rotary encoders, which has two branches: high-precision absolute rotary encoders based on optical code-disk technology and rugged, versatile magnetic encoders. POSITAL’s rotary encoders are ideally suited for industrial applications (manufacturing, packaging, process control, etc.) and construction and agricultural machinery, mining equipment, and alternative energy projects. The adoption of organic strategies such as product launches has helped the company expand its product portfolio and stay ahead of the competition in the encoders business.

Related Reports:

Encoders Market by Type (Linear and Rotary), Technology (Optical, Magnetic, and Others), End Use (Automotive, Consumer Electronics, Industrial, Food & Beverage, Medical, Printing, and Others), and Geography - Global Forecast to 2024

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Report Code
SE 7256
RI Published ON
7/25/2019
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